Dana CEO Retiring Next Year, Preliminary Earnings Released

January 13, 2015

SHARING TOOLS        | Print Subscribe

The parent to truck component manufacturer Dana Spicer, Dana Holding Corp., on Tuesday announced President and CEO Roger J. Wood has told the company's board of directors he plans to retire in April 2016, after five years of leadership at the company.

The Dana board said it has started a process to evaluate both internal and external candidates, according to the company, with Wood being involved in the succession process.

"Roger has provided strong leadership, guiding the company through a challenging economic environment and resetting our strategic direction to create an efficient, highly innovative, and rigorous competitor,” said Joseph C. Muscari, Dana's non-executive chairman. “We look forward to his continuing stewardship in the year ahead and to his active participation in the succession process to ensure the smoothest possible transition."

Dana also announced on Tuesday its preliminary 2014 financial results showing sales for the year totaled $6.6 billion with adjusted earnings before interest, taxes, depreciation and amortization of $745 million. It also recorded an adjusted EBITDA margin of 11.3%, the sixth consecutive year of improved margin performance.

For 2015 it is expecting sales of $6.7 billion to $6.8 billion with adjusted EBITDA of $760 million to $780 million.


Comment On This Story

Comment: (Maximum 2000 characters)  
Leave this field empty:
* Please note that every comment is moderated.


We offer e-newsletters that deliver targeted news and information for the entire fleet industry.


ELDs and Telematics

sponsored by
sponsor logo

Scott Sutarik from Geotab will answer your questions and challenges

View All

Sleeper Cab Power

Steve Carlson from Xantrex will answer your questions and challenges

View All